Dear Mr. Fellows,
Hello and welcome. Thank you for providing an opportunity to assist you.
Yes, I fully agree with you. Interest rates are so low that it literally gets disappointing investing in savings account.
However, I believe, you need to balance risk and reward. Just because interest rates are so low, I would not advice you to invest directly in money market instruments or stock markets. The risk-benefit ratio will never work out.
Having said this, one has to strive and arrive at a balance between risk that one should take and the returns that one should expect.
I would suggest to consider investing in equity funds / mutual funds. This would certainly give less returns as compared to investing directly in stocks but it would certainy give you MORE and SAFE returns as compared to savings account. I believe, this would balance your risk and reward ratio.
Other things that you can consider apart from Equity Mutual Funds is Corporate Bonds. They also give relatively better returns as compared to a saving account.
I am sure this would help.
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